Origination fees will also apply — with a federally backed reverse mortgage, those fees cannot exceed $6,000, but check with your jumbo reverse mortgage lender to verify what it charges.

PHH Mortgage launches EquityIQ®, a proprietary reverse mortgage product for seniors, enhancing access to home equity. Quiver AI Summary. PHH Mortgage, a subsidiary of Onity Group Inc., has ...

If you're 62 or older and need cash now, a reverse mortgage can be a great choice. Unlike a HELOC or a home equity loan, you don't have to make payments as long as you continue to live in your house.